Alcatel-Lucent's Unit To Buy Norway's 4D PRM Firm Optoplan From CGG- Quick Facts

(RTTNews) - French telecom equipment maker Alcatel-Lucent SA (ALU) Wednesday announced that its unit Alcatel-Lucent Submarine Networks or ASN has signed a binding agreement with Sercel, part of French geoscience company CGG (CGG), for the acquisition of Optoplan. The closing of the transaction is expected to be completed shortly.

Trondheim, Norway-based Optoplan is a provider of 4D permanent reservoir monitoring solutions used in offshore oil and gas production. Optoplan is the company behind Optowave, a field-proven 4D PRM technology for such seismic surveys.

With the acquisition, ASN will combine Optowave with its own leadership in submarine cable systems, including its manufacturing capabilities and marine installation fleet.

Commenting on the acquisition, Philippe Dumont, President of Alcatel-Lucent Submarine Networks, said, "While ASN is already a leading player in Oil and Gas platform connectivity, Optoplan will extend our capabilities in the Oil & Gas domain, fully supporting the industrial plan to diversify our presence and capture new segments in this highly promising market."